ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

CHARACTERISTICS OF AN ENTREPRENEUR

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which type of business plan is intended as the blueprint of a company’s activities and is directed to an internal audience?
A
Operational
B
Full
C
Summary
D
Tactical
Explanation: 

Detailed explanation-1: -Some established business will write an audience an operational business plan which is intended primarily for an internal audience. An operational business plan is a blueprint for a company’s operations.

Detailed explanation-2: -A business blueprint is a step-by-step way to identify your business’s needs, goals, and strategic plan. Establishing this business blueprint is essential because it’ll provide the framework for your business as you develop it.

Detailed explanation-3: -In this scenario, the business plan is essentially a roadmap that specifies the processes necessary to establish your business – defining the actions, tasks, and steps that can be measured to assess progress and success. I call this type of business plan the “Blueprint”.

Detailed explanation-4: -Internal Business Plans Internal plans provide information about project marketing, hiring and tech costs. They also typically include a market analysis illustrating target demographics, market size and the market’s positive effect on the company income.

Detailed explanation-5: -Operational Planning. “Operational plans are about how things need to happen, ‘’ motivational leadership speaker Mack Story said at LinkedIn. Strategic Planning. “Strategic plans are all about why things need to happen, ‘’ Story said. Tactical Planning. Contingency Planning. 07-Jul-2017

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